African Rainbow Minerals (African Rainbow Minerals) ROCE % : -0.11% (As of Dec. 2023)

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What is African Rainbow Minerals ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. African Rainbow Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.11%.

African Rainbow Minerals ROCE % Historical Data

The historical data trend for African Rainbow Minerals's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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African Rainbow Minerals ROCE % Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.79

16.35

46.68

30.94

18.07

African Rainbow Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															21.70	43.42	22.79	15.30	-0.11

African Rainbow Minerals ROCE % Calculation

African Rainbow Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	610.249	/	( ( (3741.59 - 208.544)	+	(3421.002 - 199.149) )	/ 2 )
	=	610.249	/	( (3533.046	+	3221.853)	/ 2 )
	=	610.249	/	3377.4495
	=	18.07 %

African Rainbow Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.542	/	( ( (3421.002 - 199.149)	+	(3456.378 - 186.392) )	/ 2 )
	=	-3.542	/	( ( 3221.853	+	3269.986 )	/ 2 )
	=	-3.542	/	3245.9195
	=	-0.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

African Rainbow Minerals (OTCPK:AFBOF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

African Rainbow Minerals ROCE % Related Terms

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African Rainbow Minerals (African Rainbow Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (OTCPK:AFBOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARI:South Africa EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.

African Rainbow Minerals (African Rainbow Minerals) Headlines

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Unraveling African Rainbow Minerals Ltd's (AFBOF) Dividend Performance and Sustainability

By GuruFocus Research • 10-04-2023